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Bybit VIP

Curious about the attractively low fees offered by the Bybit VIP Trading program? Read on as we explain the trading fees involved.

Anyone who trades crypto actively understands that expensive trading fees can redefine a successful trade. Fortunately, with the newly revised Bybit fee structure, traders can increase their net profits in these trading sessions with lesser burdens from these transaction fees.

In this guide, we'll highlight the key differences between the normal trading fees on Bybit and the VIP trading fees, the calculation, and how you can activate the VIP trading program.

Understanding Bybit Trading Fees Structure

Crypto trading fees on Bybit refer to transaction costs that will be frozen after a trader places an order on the exchange and will only be charged after the order is executed.

These exchanges generate revenue based on the volumes traded. The higher the trading volume, the more fees will be generated. These fees include deposit and withdrawal fees, funding fees, margin and leverage costs, trading fees, and even through bid-ask spread costs. Exchange fees usually vary from 0.1% to 1% or more per transaction. But they varied from one exchange to another.

Here's an overview of the differences between market and taker fees.

Maker fees refer to a limit order that was made but not executed, and they sit on the order book until the order is matched. Whenever traders add liquidity to the order book, they will be charged a maker fee to encourage users to add liquidity to the exchange.

Typically the orders are placed like this:

However, suppose the market has surplus liquidity providers (makers) with no execution trades. In that case, it will be considered a thin market.

Taker fees refer to a market order executed immediately on the order book. Whenever a taker takes the liquidity from the order book, they will be charged a taker fee. These orders are typically fulfilled immediately, and the orders should look like this:

Bybit Fees vs. VIP Trading Fees: The Differences

Before diving into the fee differences when considering VIP Trading Program membership, it's essential first to understand the maker-taker fee model. Maker-taker fees are trading fees that users are charged based on their maker or taker role in the transaction. Makers provide liquidity to the exchange, whereas takers remove liquidity from an exchange. That's why taker fees tend to be high on some exchanges.

Bybit's cost-effective fee structure can be broken down into spot trading fees and futures and derivatives trading fees.

Spot trading refers to buying and selling cryptocurrencies at a set price for immediate settlement. This often involves the real-time trading of specific pairs like 

. Check out the spot trading fees applicable for Spot trading and Spot Margin trading based on the respective VIP levels:

Bybit VIP Futures and Derivatives Trading Fees

Futures and derivatives trading refers to the buying and selling of agreement contracts for the future price of cryptocurrencies.  Examples of such contracts include 

 contracts that use USDT and USDC as collateral and have no expiration date, 

 contracts that use the desired crypto as collateral and have no expiration date and 

 contracts that use the desired crypto as collateral and have pre-determined expiration dates.

For more on futures and derivatives trading fees that VIP Trading Program members get to enjoy, refer to the breakdown below:

Bybit VIP vs. Binance VIP Fees (Perpetual Contracts)

Did you know that being a Bybit VIP Program member also entitles you to high withdrawal limits? 

With an individual level 2 KYC verification, you’re able to withdraw up to 2M USDT daily and have no capped withdrawal amount on monthly withdrawal, so it makes moving funds in and out of Bybit without fuss.

Once you qualify for the Bybit VIP Program by meeting the minimum asset balance or monthly trading volume criteria, you’ll be able to enjoy the VIP perks once your VIP level is updated. This platform-wide update will be held every day at 7 AM UTC and your new trading fee rates will be reflected within five minutes of this update.

Are Institutional Clients Eligible for the VIP Program?

As an institutional client, you’re entitled to special rates as part of 

 on top of diversified data reports and OTC lending. As such, the benefits of the VIP Program do not apply for institutional clients.

Given our attractive VIP Program trading fees, you’re certainly missing out by not being a member. So what else are you waiting for? 

 for Bybit’s VIP Program membership today and secure those low fees so you can maximize your returns.

Bybit VIP Fees Explained (Updated 2023)

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